Supposed to be fact

Hence why I trade - every day, without fail, is a winner. For me it's the only way. For others who can handle losing, but still be ahead in the long run, good on them.

Hence why I find it hard to believe that 25% of Betfair's clients win.

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Yeah that has got to be B S.

Maybe not if you consider the 1% is mostly regarded as backers as has always been but with betfair layers and backers can be winning.

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One Drive

"If the corporates are treating you poorly , just go elsewhere."
"If they need you , they will soon find out."
"If you need them , you will soon find out." --moeee
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Actually that's a good point. Still would seem high. And betfair are only one option people can bet with; those layers are only a portion of that still.

doubt anyone can say with complete accuracy what the true number is, but if it is 1% thats still a hell of a lot better than investing in lotto/keno/pokies & certain football teams & cricket competitions

I agree it is **** just a spin from them.

__________________
One Drive

"If the corporates are treating you poorly , just go elsewhere."
"If they need you , they will soon find out."
"If you need them , you will soon find out." --moeee
_______________________________________________

If 1% of backers win, and 1% of layers win, that means that 23% of arbers and traders who ONLY use the exchange, win and I think that's an enormously optimistic statistic. Arbers that use bookies and exchange would be losing on the exchange, therefore, it just doesn't add up.
I know that some backers, layers, and traders win very large sums of money, but certainly not 25% of them. A lot of traders do win, but then get done by a series of bad decisions and chasing, exchange crashes, late scratchings and internet or computer problems.
And let's not forget that most trading is done in play or in running and analysis of in play data just doesn't show that much of an edge unless you're very special at beating the consensus.
I really don't think 25% of people can beat the consensus, I would say that 80% of betfair profits come from 20% of not customers, but winning customers, which again defies their original statistic.

__________________
RaceCensus - powerful system testing software.
Now with over 409,000 Metropolitan, Provincial and Country races!
http://www.propun.com.au/horse_raci...ng_systems.html
*RaceCensus now updated to 31/10/2024
Video overview of RaceCensus here:
http://www.youtube.com/watch?v=W821YP_b0Pg

Really who cares?

If its 1% then that's great
If its 99% then that's great.

I only care that I win or lose overall.